Lower deduction certificate
Also known as: Form 13, LDC
A lower deduction certificate (under section 197) lets a payee apply to the assessing officer for TDS to be deducted at a lower or nil rate when their actual tax liability is lower than the standard TDS.
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General information, not tax, legal or accounting advice. Thresholds and timelines change by notification — confirm applicability with your CA, CS, or lawyer.
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